The National Business Aviation Association’s 2014 Business Aviation Convention & Exhibition (“NBAA 2014”) took place in Orlando earlier this week. NBAA 2014 showcased approximately 1,100 exhibitors and attracted more than 26,000 business aviation professionals.
In August, Deltek released a report titled “Federal Health Information Technology Market, 2014-2019,” detailing how investment in Healthcare Information Technology (“HIT”) systems and services by Federal government agencies is expected to increase from $4.3 billion in 2014 to $4.8 billion in 2019, representing a compound annual growth rate (“CAGR”) of 2.2%.
General Dynamics’ subsidiary, Gulfstream Aerospace Corporation, announced two new Gulfstream business jets, the G500 and the G600 aircraft. The updated aircraft are more efficient and can travel farther distances than their predecessors at faster speeds.
This past Tuesday, Boeing released its biennial World Air Cargo Forecast at the International Air Cargo Forum and Exhibition in Seoul, South Korea. The forecast projects an annual growth rate of 4.7% over the next decade, with global airfreight traffic more than doubling by 2013.
Bombardier Inc. announced a firm order for 40 of its new CSeries passenger jets. The Ireland based company, Macquarie AirFinance Ltd., subsidiary of the Australian Company, Macquarie Group, Ltd., is the third lessor to order the 135-seat CS300 model and has options to purchase another 10 aircraft.
Boeing enhanced its footprint in Africa this week, as the company announced it received an Ethiopian Airlines order worth $2.1 billion. The deal, which is for 20 737 Max 8 aircraft and includes an option to buy an additional 15 737 Max 8s, is the largest order the aircraft manufacturer has received from an African based airline to date.
On recent earnings calls over the past few weeks, several Government Technology Solutions companies, including Booz Allen Hamilton (“Booz”), ManTech International (“ManTech”), and Science Applications International Corporation (“SAIC”) discussed the current contracting environment and more specifically a trend towards shorter-duration contract awards.
Airbus Group has announced that after a detailed and comprehensive portfolio assessment, it will divest some of its subsidiaries and business units within its defense and space division. These divestitures will include Fairchild Controls, Rostock System-Technik, AvDef, ESG, and Atlas Elektronik.